Question: Most Solutions, Incorporated, issued 1 3 % bonds, dated January 1 , with a face amount of $ 5 4 0 million on January 1
Most Solutions, Incorporated, issued bonds, dated January with a face amount of $ million on January The bonds mature in years For bonds of similar risk and maturity the market yield is Interest expense is recorded at the effective interest rate. Interest is paid semiannually on June and December Most recorded the sale as follows:
January
General JournalDebitCreditCash priceDiscount on bonds differenceBonds payable face amount
Required:
What would be the amounts related to the bonds that Most would report in its statement of cash flows for the year ended December
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